Brees’ contract is set to expire in March. If a resolution is not reached beforehand, New Orleans will be on the hook for $18 million in dead money due to the way his contract is structured. If a resolution is reached, the Saints will still have to account for the money, but they would be able to push it down the line.

When speaking with reporters on Wednesday at the Senior Bowl, general manager Mickey Loomis voiced confidence that a deal will get done.

“He doesn’t have a contract, which has happened before,” Loomis said. “We want him to be our quarterback, and we’ll get going on that at some point. … I’m not anticipating any big issues.”